Rich Dad Poor Dad – Is it Worth Reading?

Is it worth reading Rich Dad Poor Dad

The title suggests that this book is about Robert Kiyosaki’s father, and the relationship he had with him. In fact, the book is based on the father’s experiences, and the perspective he gained from his father helped him understand the book’s theme of making money.

Robert Kiyosaki’s best friend’s father

The name of Robert Kiyosaki’s best-selling business book Rich Dad Poor Dad came about when Kiyosaki’s best-friend’s father passed away. The book’s main character, Rich Dad, is based on Kimi’s real life experience. The son of Richard Kimi, Alan, revealed on Oprah that his father was the inspiration for the book. However, Robert Kiyosaki did not reveal the name of his real-life father until 2016, revealing that his father was not Kiyosaki’s biological father.

Rich Dad taught Robert Kiyosaki the importance of financial independence. Robert worked for him for free at one of his superettes. This allowed him to explore opportunities at work. For example, while at work, Kiyosaki identified a source for free comic books. He and his best friend Mike, then set up a comic book library. Bullies, however, disrupted the operation.

After college, Robert Kiyosaki joined the Marine Corps. While there, he gained valuable business knowledge. Later, he joined Xerox and became one of the top salesmen. Eventually, he sold the company and started his own business. He later wrote Rich Dad Poor Dad and launched his own business, Cashflow Technologies, Inc.

The father of Robert Kiyosaki’s best-friend was a wealthy man. Both men believed in the power of financial education and the importance of understanding how money works. In the book Rich Dad Poor Dad, Kiyosaki writes from his perspective about his father’s life.

Robert Kiyosaki’s perspective on money

Robert Kiyosaki has a unique perspective on money. He was raised by two financially struggling fathers and started reading books about money when he was a child. These early experiences shaped his perspective on money. His books teach a new way of thinking about money that combines how money works with why it matters.

Robert Kiyosaki’s perspective is based on his own experiences as a poor boy who dreamed of being rich. He was envious of the rich kids in his school, but was determined to become rich himself. He found a mentor in his best friend’s father, who agreed to let him work for him in exchange for learning how to make money. The work only lasted for a couple of weeks, and Kiyosaki quit his job.

Kiyosaki’s perspective on making money is very different from that of many people who want to become rich. In his book, he shows how one can get rich by acquiring assets. He also emphasizes that starting small is the best way to build wealth. Once one has gained confidence, one can move on to bigger and better investments.

A common misconception about money is that it goes up and down. In reality, the opposite is true. While assets put money in your pocket, liabilities cost you money. For instance, when someone buys a million-dollar house, the value declines, but the owner sells it for a much lower price. This causes stress in the family budget.

Robert Kiyosaki’s relationship with Rich Dad Poor Dad

The relationship between Robert Kiyosaki and Rich Dad Poor Dad is a thorny one. The author of several bestselling personal finance books, Kiyosaki is now facing bankruptcy. In August, he filed for bankruptcy. As a result, his company, Rich Global LLC, was ordered to pay $24 million to the Learning Annex, which is owned by Bill Zanker.

While Robert was still a teenager, he began working for his rich dad. He met with professionals from many fields, such as accountants and lawyers. The rich dad had left school at thirteen, and now directed a group of educated people. After meeting with his wealthy dad, Robert realized he had more financial education than his poor father. He began listening to real estate brokers, tax accountants, and bankers.

Despite Kiyosaki’s successful financial advice, the books are not without flaws. The best advice encourages patience and increasing your literacy level. Kiyosaki, however, peddles get-rich-quick schemes that can lead to bankruptcy. His books also promote getting rich by dropping out of school or being less literate, two practices that are extremely dangerous.

According to the book’s website, Kim Zanker’s father was a rich man, but he did not pass away. His family has asked that his name not be used to protect his identity, and Kiyosaki’s relationship with him is unclear. He has also revealed that the rich father he wrote about is not a real person, but a composite character made up of several advisors.